Bilcare allots 8,93,000 equity shares on conversion of warrants

Bilcare Ltd has announced that the Company on May 17, 2007 has considered and allotted 8,93,000 Equity Shares of Rs 10/- on conversion of Warrant 'B', convertible into Equity Shares of Rs 10/- each issued at Rs 290/- per share (including premium).

Consequently, the Paid-up Equity Share Capital of the Company stands increased to Rs 150,938,000, divided into 15,093,800 Equity Shares of Rs 10/- each.

The stock was trading at Rs.844.95, down by Rs.1 or 0.12%. The stock hit an intraday high of Rs.874.40 and low of Rs.839.95. The total traded quantity was 24072 compared to 2 week average of 70945.

Source : Equity Bulls

Keywords